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HT to write-off debts for welfare beneficiaries

Author: spez
ZAGREB, Feb 12 (Hina) - The Croatian telecom operator Hrvatski Telekom (HT) said on Thursday in reference to writing off clients' debts that the company had agreed to a government proposal to write off debts for clients on welfare benefits and that for others who meet the criteria set by the government, HT would introduce a moratorium of one year.

HT CEO Davor Tomaskovic recalled that citizens owed HT around HRK 94 million and that half that amount would be written off.

Otherwise, HT announced that last year it had made a net profit of HRK 1.142 billion, which was 20.7% less than in 2013, and that it would pay out a dividend of HRK 7 per share and increase its share capital by HRK 940 million.

(EUR 1 = HRK 7.7)

(Hina) sp

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